JPMorgan: Listed Bitcoin mining companies' stock prices significantly increased in November, with a 52% increase in overall Market Cap compared to the previous month.

A research report released by JPMorgan Chase on Monday shows that as the price of Bitcoin broke through $99,500 last month, the stock prices of some listed Bitcoin mining companies also rose significantly. The report points out that the market capitalization of 14 Bitcoin mining companies tracked by JPMorgan Chase increased by 52% MoM to $36.2 billion. Among the best-performing companies in November, Singapore's Bitdeer saw its stock price rise 83% to $14.27 during the period. Overall, last month, the stock prices of listed Bitcoin mining companies rose after the US election. Argo Blockchain was the only mining company to lose money in November, with its stock price falling 3% to $1.08 last Friday. Analysts said that since the halving in April, Bitcoin mining revenue has decreased by 50%. Despite the still relatively low rewards, the rise in Bitcoin prices has led to a 24% increase in mining returns in November based on 1 EH, reaching $52,000 per day for Bitcoin miners, up from around $42,000 in October. (Decrypt)